How Does Money Work? | Money as Debt

Always wanted to know how money and the banking system works? This is the documentary ”Money as Debt” and explains how money works.

Essential viewing on money and the banking system. Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today’s magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand.

“When banks extend loans to their customers, they CREATE money by crediting their customers’ accounts.” – Sir Mervyn King, Speech to the South Wales Chamber of Commerce at The Millennium Centre, Cardiff on 23rd October 2012